The Curious Case of Dmitry Balyasny

[ironchef]

The Chief Data Officer at $6 Billion Hedge Fund Balyasny Explains How to Merge Quantitative and Fundamental Trading Strategies – and the Importance of ‘Translators’ to Bridge the Gap(Business Insider)
Wall Street firms are increasingly looking to merge quantitative and fundamental trading strategies in hopes of getting the best out of humans and machines. Carson Boneck, chief data officer at Chicago-based Balyasny Asset Management, spoke on a webinar Thursday about the best steps to merge the two teams. One feature Boneck said was key to the process is “translators,” or people who could help bridge the gap between the two sides.

Business insider wont' allow link.

 

[ironchef]

His first order of business was to integrate risk management into the portfolio management process. That led to the introduction of a volatility target model, which enabled the firm to use risk management as an alpha-generation tool, rather than just as a defensive measure, he claims.

We laughed at @Buy1Sell2 for saying Risk Management Is The Only True Edge. Now I understand what he was talking about, I need to reread his thread on risk management:

https://www.elitetrader.com/et/thre...ment-is-the-only-true-edge-in-trading.292728/

Thank you @dealmaker

 

[apdxyk]

I wonder how they are doing now...

 

[dealmaker]

Hedge Fund Balyasny Asset Management Hires Senior Energy Traders (Reuters)
NEW YORK, Jan 13 (Reuters) – Hedge fund Balyasny Asset Management (BAM) has hired two senior energy traders, sources familiar with the matter said on Wednesday. The firm hired Mike Grigsby, former senior managing director and head of proprietary crude oil trading at commodities merchant Castleton Commodities International, the sources said.